Welcome to our dedicated page for Salem Media news (Ticker: SALM), a resource for investors and traders seeking the latest updates and insights on Salem Media stock.
Salem Media Group, Inc. (SALM) regularly issues news updates that reflect its role as a multimedia company focused on Christian and conservative content. Its announcements highlight developments across radio, podcasts, streaming, and publishing, giving insight into how the company programs and manages its media properties.
News items often feature radio programming changes and talent moves, such as new shows on stations like WHK-AM 1420 The Answer in Cleveland, contract extensions for hosts on AM 970 The Answer in New York, and additions to the Salem Radio Network lineup. These stories provide detail on how Salem structures its talk and news-talk offerings and which voices it brings to its audience.
Salem Media Group’s releases also cover leadership and management updates, including promotions within its broadcast operations. Such announcements illustrate how the company organizes its regional and national management to oversee markets and stations aligned with its Christian and conservative focus.
Another recurring theme in Salem’s news is digital and streaming content. The company issues updates on new documentaries, docuseries, and other projects premiering on SalemNOW, its streaming platform for Christian and conservative films and series. It also announces additions to the Salem Podcast Network, describing new partnerships and shows that expand its digital audio reach.
Investors and followers of SALM can use this news feed to track programming decisions, content launches, leadership changes, and other corporate communications that the company chooses to highlight. For ongoing context about Salem Media Group’s activities in radio, digital media, and streaming, this page aggregates its latest publicly released updates.
Salem Media Group (NASDAQ: SALM) has signed former NBC Sideline Reporter Michele Tafoya to host a new podcast titled “Sideline Sanity,” set to launch on May 23, 2022. The podcast will focus on life, politics, and news, airing four episodes weekly. The Salem Podcast Network has rapidly gained popularity since its inception in January 2021, currently ranking as the 11th most listened to podcast network with 17 million downloads per month. Tafoya, a veteran sportscaster and Emmy winner, aims to engage listeners with her insights and experiences.
Salem Media Group (NASDAQ: SALM) reported a 5.5% increase in consolidated total revenue for Q1 2022, totaling $62.6 million. Operating income rose 14.2% to $5.0 million, while net income surged 438.4% to $1.7 million, or $0.06 per diluted share. Broadcast net revenue increased 10.0% to $48.4 million, yet Same Station SOI fell 5.0% to $10.3 million. Digital media revenue and operating income also saw significant gains, increasing 7.1% and 93.1% respectively. However, publishing revenue dropped 31.8% to $3.9 million, resulting in an operating loss.
Salem Media Group (NASDAQ: SALM) announced that Brandon Tatum will replace Larry Elder as the host of its nationally syndicated radio show starting May 16th. Tatum, known for his significant social media following and involvement with Turning Point USA, will also launch a daily podcast. His show has already attracted over 3 million followers across platforms. Salem's Senior Vice President noted Tatum's appeal among youth and his compelling narrative. This strategic move could enhance Salem's reach across demographics and elevate its media presence.
Salem Media Group (NASDAQ: SALM) has announced it will report its first quarter 2022 financial results on May 10, 2022, at 2:00 PM Central Time. Following the report, a teleconference will be held at 3:00 PM Central Time to discuss the results. Interested parties can join by dialing (877) 524-8416 or listening to the webcast. A recording of the call will be available until May 24, 2022, via the investor relations section of their website.
Salem Media Group (NASDAQ: SALM) has appointed Scott Furrow as the new host of ‘SoCal Live,’ airing weekday afternoons from 3-5 PM on 99.5 FM KKLA. Furrow, a seasoned pastor with a background in politics and media, aims to blend news with spiritual perspectives during his broadcasts. His experience hosting a similar program at KPRZ was noted positively by programming director Rodney Miller. This follows an extensive eight-month search for the position, indicating a significant leadership choice for Salem Media Group.
Salem Media Group (NASDAQ: SALM) has promoted David Bingham to Vice President of Operations and Business Development at Salem Web Network. Bingham, who joined the company in 2012, has played a significant role in expanding Salem’s mobile app portfolio, including the successful King James Bible App. Under his leadership, Salem has reported 107 million monthly app sessions. Bingham expressed excitement about upcoming initiatives in video, subscription services, and podcasting, indicating a bright future for Salem Web Network and Salem Media Group.
Salem Media Group (NASDAQ: SALM) will present at NobleCon18 on April 20 at 1:30 PM Central Time. This prestigious Institutional Investor Conference aims to connect small and micro-cap companies with investors. A video webcast of the presentation will be accessible on the company's website and at Noble Capital Markets’ site the day after the event. Salem Media is recognized for its focus on Christian and conservative content, engaging millions of listeners and readers across various platforms.
Salem Media Group (NASDAQ: SALM) has announced the retirement of Mike Shields, General Manager of the San Francisco cluster, effective June 2022. Shields has led the team for 11 years, contributing to consistent revenue and operating income growth. Segar Kannan, the current General Sales Manager in Portland, will succeed him. Kannan has 23 years of experience with Salem, proving his capability in driving digital revenue. The company positions itself as a leader in Christian and conservative multimedia content, serving millions of dedicated listeners and readers across various platforms.
Salem Media Group (NASDAQ: SALM) announces that Larry Elder has departed from the Salem Radio Network after six years. His departure is effective immediately, with a replacement to be announced shortly. Elder, known for his influential conservative voice, previously hosted during peak hours. Carl Jackson will temporarily fill the slot until a permanent host is decided. Salem continues to support Elder's projects, including the upcoming sequel to his documentary, 'Uncle Tom 2'. This shift reflects a strategic adjustment within the network.
Salem Media Group (NASDAQ: SALM) has announced the promotion of Jonathan Garthwaite to Senior Vice President and Publisher of Townhall Media. Garthwaite, who has been with the company since its inception in 1995, oversees operations for Townhall and other media properties, collectively attracting over 20 million readers monthly. COO David Evans praised Garthwaite for his dedication and leadership. This leadership change is expected to strengthen Townhall Media's operations and maintain its growth trajectory within the conservative media landscape.